Mortgage rates moved modestly higher today, for most lenders. This had more to do with yesterday's market movement than today's. Bond markets were weakening yesterday afternoon (which typically results in rates moving higher). But the weakness came too late in the day for most lenders to bother with reissuing rate sheets. Instead, they waited for this morning. With a bit of weakness remaining intact, it was an easy call to raise loan costs. Even so, the day to day movement in rate quotes continues to be quite small . The average scenario won't be detectably different if quoted today vs yesterday. Interest rates themselves will certainly be unchanged. It's only via modest changes in upfront closing costs that lenders can modulate "loan costs" (or the "effective rate") in these situations. What

June 13, 2017 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Recent Mortgage Rate Stability Could Change Tomorrow Mortgage rates moved modestly higher today, for most lenders. This had more to do with yesterday's market movement than today's. Bond markets were weakening yesterday afternoon (which typically results in rates moving higher). But the weakness came t... (read more) Housing News Early-Stage Delinquencies Lowest in More Than 17 Years CoreLogic reports that mortgage delinquencies in March were at a 10 year low. The company's Loan Performance Insights Report shows that 4.4 percent of active mortgages were in some stage of delinquency-30 or more days past due or in foreclosure-in Ma... (read more) MBS Commentary MBS Live Day Ahead: Last Day of Moderate Data/Events Before Things Get Serious While we do have some economic data to get through today (Producer Prices, which are already out stronger than expected, and the afternoon's 30yr bond auction), the lion's share of the f ocus remains on the bigger picture and the bigger-ticket event... (read more) Rob Chrisman Upcoming Training and Events; Capital Markets Exec on Closing Loans in This Market How do you like these two headlines today, good news/bad news for lenders? “Fed set to shrink huge bond portfolio, pushing up interest rates.” And, “Trump Administration says financial watchdog agency should be defanged.” And ... (read more) MBS Commentary MBS Live Recap: Auction Results = Offsetting Penalties For Bonds Today's bond trading was largely a story of the 3yr Treasury auction vs the 10yr Treasury auction.  Both of these are used to encountering each other on the same week, but not usually on the same day .  In fact the "3, 10, 30" auction cycl... (read more) MBS Commentary MBS Live Recap: Bonds Sending Clear Message Ahead of Fed The past 3 trading sessions have largely represented a consolidation in prices and yields, just off the best levels of the year.  There has certainly been a risk that rates were bouncing off those levels only to begin the next uptrend (much li... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.90 +0.05 Price / Yield Change MBS UMBS 5.5 99.90 +0.06 UMBS 6.0 101.61 +0.04 GNMA 5.5 100.05 +0.08 GNMA 6.0 101.46 +0.05 Pricing as of: 7/3 2:02AM EST 10 Year US Treasury 4.2661 -0.0137 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.017 5 YR Treasury 3.851 -0.017 7 YR Treasury 4.039 -0.018 10 YR Treasury 4.264 -0.016 30 YR Treasury 4.789 -0.020 Pricing as of: 7/3 2:02AM EST Latest Video Trump reportedly told Yellen he considers her a 'low-interest-rate' person ... Markets want the Fed to answer a $4.5 trillion question HUD's Ben Carson on the state of housing and health care Around the Web NAR - Realtor.com Does Anyone Remember How to Make a Subprime Mortgage? Market Watch Here's what the market thinks the Fed has got wrong Calculated Risk Blog Update: Real Estate Agent Boom and Bust CNBC Bill Gross says all financial markets are 'increasingly at risk' Market Watch Yellen may be forceful' in press conference when defending Fed's interest rate path CNBC HUD Secretary Ben Carson says praise of Trump at Cabinet meeting was 'totally spontaneous' Market Watch Treasury yields tick up as Wall Street braces for updated Fed monetary policy CNBC Trump reportedly told Yellen he considers her a 'low-interest-rate' person like himself CNBC US Producer Price Index was unchanged in May, as expected Gallup US Economic Confidence Index Steady at +4 CoreLogic CoreLogic Reports Mortgage Delinquencies Dropped to a 10-Year Low in March 2017 builderonline.com Barriers for Millennial Home Buyers Market Watch The 15 hottest housing markets in the U.S.

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